News: American Carbon Market Seen as Winner With China Accord

“A China-U.S. climate deal that involves the former committing to capping emissions is a breakthrough,” Daniel Rossetto, managing director of Climate Mundial Ltd. in London, which provides advice on emissions trading, said by e-mail. “Opponents to cap and trade in the U.S. have always been safe in quoting inaction by China as a reason for blocking cap and trade. If China follows through on today’s commitment, that pre-condition no longer holds.”